The United States and Iran are intensifying their battle over a strait that is crucial to the global economy, and shipping companies fear significant additional costs for transportation
After nearly four months of conflict, the two countries have agreed to extend the ceasefire, which they will sign on Friday in Switzerland. Pakistan says the parties have committed to an immediate cessation of hostilities on all fronts, including Lebanon
Aside from short-term fixes, several countries in the region are reviving old projects to overcome the Hormuz blockade
A hypothetical peace agreement authorizing the Islamic Republic to collect a navigation fee to finance the country’s reconstruction would be illegal and discriminatory, according to four legal experts
The Republican had accepted the 10 points of the Iranian plan as a ‘workable’ basis for dialogue, but later recalled the 15 demands from Washington that Tehran had rejected
The blockade of the Strait of Hormuz impacts the global economy while Israel and the US have yet to achieve any strategic goal
The Trump-Netanyahu tandem closes a century of Western tutelage in the region to impose Israel as a hegemonic power
Trump’s statements declaring the war nearly over shake up a high-voltage session
The photography and travel blog ‘Capture the Atlas’ has published its annual collection of the “Milky Way Photographer of the Year” with the 25 best snapshots of the galaxy from different parts of the world. The final 25 photos have been selected from more than 5,000 entries
The decision comes amid uncertainty about when the slow-growing global economy will regain its thirst for fuel for travel and industry, and with producers counting on oil profits to bolster their coffers
Combined with a cut of two million barrels per day announced in October, producers have axed about 3% of the world’s oil supply
The move would likely raise oil prices, further straining relations between Riyadh and Washington as the world copes with inflation fueled in part by the war in Ukraine
